House Memorial 35 requests the formation of a work group to develop a regulatory framework for mobile home parks in New Mexico. The work group will include representatives from various state agencies, including the Superintendent of Regulation and Licensing, the New Mexico Mortgage Finance Authority, and the Public Regulation Commission, as well as landlords and residents of mobile home parks. The primary focus will be on creating guidelines for rent increases that consider resident circumstances, inflation rates, and fair returns for landlords, while ensuring the safety and maintenance of the parks.

The work group is tasked with reporting its findings and recommendations to relevant legislative committees, with an initial report due by December 1, 2025, and a follow-up report by September 1, 2026. The regulation and licensing department will provide necessary support for the work group, which aims to address the unique challenges faced by mobile home park residents, including the financial burdens associated with eviction and rent increases.